Visa's Ben Ellis on Cross-Border Payments and Why Banks Need to Work Together

At Sibos, we sat down with Ben Ellis, the SVP and Global Head of Visa B2B Connect at Visa Business Solutions, to discuss the pain points around cross-border payments and why banks need to build relationships with each other to ensure frictionless delivery. Visa created a multilateral network to action B2B payments where banks can communicate effectively together when actioning CBP. For Ellis, it is essential for companies like Visa to offer these networks as they already have a solid relationship with banks and a great knowledge of regulatory compliance - making them the perfect intermediary